Author Archive
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EU Unemployment Hits All-Time High
Eurozone unemployment hit 11.8% in November, leaving a record 18.8 million out of work, according to data released today by the EU's official statistics agency. The figure, the highest recorded since the currency union formed in 1999, is only a touch higher than October, but a full 1.... Go to Source Author: Kevin Spak
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Unemployment Holds at 7.8%
Today's jobs numbers fell just slightly below the expectations of economists: 155,000 jobs were added last month, when 160,000 had been expected, the Wall Street Journal reports. The unemployment rate held steady at 7.8%; last month's initial rate of 7.7% was revised upward. Some observations from... Go to Source Author: Evann Gastaldo
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Fed Announces $45B-a-Month Bond Buy
The Federal Reserve dropped a bombshell today, announcing that it would spend $45 billion a month on bond purchases to keep interest rates low, and that it would keep its short-term rates near zero as long as it takes to get unemployment below 6.5%. It will also keep up... Go to Source Author: Kevin Spak
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Millions About to Lose Unemployment Benefits
Millions of Americans may be dreading New Year's Day—because that's when their unemployment benefits are scheduled to expire, reports the Wall Street Journal . Some economists dread it too, saying the federally backed emergency payments help the economy and put food on the table for 2.1 million Americans. With...
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Unemployment Falls to 7.7%
The unemployment rate fell from 7.9% to 7.7% in November, and the Wall Street Journal gives you permission to care a little less than usual. It calls today's report "the least important look at the labor market in about five years." That's because 1) Hurricane Sandy, holiday hiring,...
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Crazy Commute: Wisconsin Workers to Staff ND Store
And you thought your commute was bad: Home improvement retailer Menard plans to fly 50 workers weekly from its headquarters in Eau Claire, Wisconsin, to a store in the booming town of Minot, North Dakota. A nearby oil patch has swelled the town's population to nearly 50,000 (up from...
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Unemployment May Be Just as Bad for Heart as Smoking
Depressing news from a new study: Losing a job repeatedly could be just as bad for your heart as smoking, high blood pressure, or diabetes, Time reports. The study looked at more than 13,000 adults aged 50 to 75 and followed them for 18 years, finding a strong link...
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U.S. Adds 172,000 Jobs, But Unemployment Hits 8.3%
New figures show the official U.S. unemployment rose to 8.3 percent in July, up from 8.2 percent the month before. Despite the slide, non-farm jobs saw an increase of 172,000, ending a three-month run below 100,000. At the White House, President Obama welcomed the newly created jobs and said Republican policies would only further weaken continued growth. President Obama: "That means that we now created 4.5 million new jobs over the last 29 months and 1.1 ...
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Young Americans calling White House upset over unemployment of 18-29 year olds
The nation’s largest watchdog for young American jobs and unemployment is calling on 18-29 year olds to call the White House today after learning that their age group unemployment rates continue to increase. Generation Opportunity is encouraging its Facebook fans, as well as its thousands of grassroots supporters across the nation, to call (202) 456-1414 and “demand that the policies of the last three and a half years, which have stifled job creation, be reversed in favor of policies ...
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U.S. unemployment aid applications rise to 365,000
By ASSOCIATED PRESS | 8/2/12 9:25 AM EDT WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits rose last week, though the data was likely skewed higher by seasonal factors. Weekly applications increased by 8,000 to a seasonally adjusted 365,000, the Labor Department said Thursday. The four-week average, a less volatile measure, fell for the sixth straight week to 365,500, the lowest since March 31. The decline in the four-week average ...
